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CDFA EXAM LATEST ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS

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CDFA EXAM LATEST ACTUAL EXAM 300 QUESTIONS AND CORRECT DETAILED ANSWERS In a divorce settlement, what mistake is commonly made by financial professionals without proper training? Considering the tax consequences of the sale of property Considering investment returns Considering inflation C...

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  • September 18, 2024
  • 114
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CDFA
  • CDFA
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EmillyCharlotte
TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024

CDFA EXAM LATEST 2024-2025 ACTUAL
EXAM 300 QUESTIONS AND CORRECT
DETAILED ANSWERS

In a divorce settlement, what mistake is commonly made by financial

professionals without proper training?



Considering the tax consequences of the sale of property

Considering investment returns

Considering inflation

Considering only an equal division of property - Answer✔️✔️-Considering only an equal

division of property

Which of the following is a common mistake that divorcing couples make?



Failing to consider the tax consequences of an early withdrawal

from a retirement account

Dividing a joint checking account to obtain an equitable

distribution of assets

Using the cost basis to determine taxes on the sale of property

Failing to consider the taxes due on child support payments - Answer✔️✔️-Failing to

consider the tax consequences of an early withdrawal from a retirement account

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
From a client's perspective and without regard to the cost, at which of the

following times should an individual hire a CDFA professional?



When considering getting a divorce

After meeting with an attorney

After filing a petition for divorce

Prior to a final judgment for divorce - Answer✔️✔️-When considering getting a divorce

Which of the following is NOT an appropriate service that CDFA professionals can

provide?



Determine the financial impact of the proposed settlement.

Provide litigation support relating to financial issues.

Prepare a report showing the financial impact of one spouse

keeping the family home.

Prepare business valuations and analysis. - Answer✔️✔️-Prepare business valuations

and analysis.

Which of the following is NOT a reason for a CDFA professional to interview

clients?



To collect financial data

To develop a budget

,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
To complete answers to interrogatories

To help them identify their financial goals, including retirement

objectives - Answer✔️✔️-To help them identify their financial goals, including retirement

objectives

Jacob is divorcing his wife, Andrea. Jacob has hired Michelle, a CDFA

professional, to work on his divorce case. Which of the following actions are

appropriate for Michelle?



Michelle will only need to analyze Jacob's financial information.

Michelle will only need to analyze Andrea's financial information.

Michelle will need to analyze Jacob's financial information and

audit Andrea's financial information.

Michelle will need to analyze the financial information for both

Jacob and Andrea. - Answer✔️✔️-Michelle will need to analyze the financial information

for both

Jacob and Andrea.

An individual who is trained to calculate statistically risks, premiums, and life

expectancies for insurance and pension plans is referred to as a/an

_______________. - Answer✔️✔️-

A ________________ is an individual who has been trained to assist

people in coming to an agreement. - Answer✔️✔️-

, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
A CDFA professional is able to give legal advice under which of the following

conditions?



The advice must be limited to the division of marital assets and

debts.

A CDFA professional is not able to give legal advice under any

conditions.

The CDFA professional must seek and obtain permission from the

client's lawyer before giving legal advice.

The advice must be limited to recommending levels of spousal

support. - Answer✔️✔️-A CDFA professional is not able to give legal advice under any

conditions.

What impact have the "no-fault" divorce laws had on divorces in the United

States?



An increase in the number of divorces

A decrease in the number of divorces

An increase in the amount of spousal support that is paid

An increase in the amount of child support that is paid - Answer✔️✔️-An increase in the

number of divorces

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